§ 70A-9a-601 Rights after default — Judicial enforcement — Consignor or buyer of accounts, chattel paper, payment intangibles, or promissory notes
§ 70A-9a-602 Waiver and variance of rights and duties
§ 70A-9a-603 Agreement on standards concerning rights and duties
§ 70A-9a-604 Procedure if security agreement covers real property or fixtures
§ 70A-9a-605 Unknown debtor or secondary obligor
§ 70A-9a-606 Time of default for agricultural lien
§ 70A-9a-607 Collection and enforcement by secured party
§ 70A-9a-608 Application of proceeds of collection or enforcement — Liability for deficiency and right to surplus
§ 70A-9a-609 Secured party’s right to take possession after default
§ 70A-9a-610 Disposition of collateral after default
§ 70A-9a-611 Notification before disposition of collateral
§ 70A-9a-612 Timeliness of notification before disposition of collateral
§ 70A-9a-613 Contents and form of notification before disposition of collateral — General
§ 70A-9a-614 Contents and form of notification before disposition of collateral — Consumer-goods transaction
§ 70A-9a-615 Application of proceeds of disposition — Liability for deficiency and right to surplus
§ 70A-9a-616 Explanation of calculation of surplus or deficiency
§ 70A-9a-617 Rights of transferee of collateral
§ 70A-9a-618 Rights and duties of certain secondary obligors
§ 70A-9a-619 Transfer of record or legal title
§ 70A-9a-620 Acceptance of collateral in full or partial satisfaction of obligation — Compulsory disposition of collateral
§ 70A-9a-621 Notification of proposal to accept collateral
§ 70A-9a-622 Effect of acceptance of collateral
§ 70A-9a-623 Right to redeem collateral
§ 70A-9a-624 Waiver
§ 70A-9a-625 Remedies for secured party’s failure to comply with chapter
§ 70A-9a-626 Action in which deficiency or surplus is in issue
§ 70A-9a-627 Determination of whether conduct was commercially reasonable
§ 70A-9a-628 Nonliability and limitation on liability of secured party — Liability of secondary obligor
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Terms Used In Utah Code > Title 70A > Chapter 9a > Part 6 - Default

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Contract: A legal written agreement that becomes binding when signed.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Equal: means , with respect to biological sex, of the same value. See Utah Code 68-3-12.5
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Person: means :
         (24)(a) an individual;
         (24)(b) an association;
         (24)(c) an institution;
         (24)(d) a corporation;
         (24)(e) a company;
         (24)(f) a trust;
         (24)(g) a limited liability company;
         (24)(h) a partnership;
         (24)(i) a political subdivision;
         (24)(j) a government office, department, division, bureau, or other body of government; and
         (24)(k) any other organization or entity. See Utah Code 68-3-12.5
  • Personal property: All property that is not real property.
  • Personal property: includes :
         (25)(a) money;
         (25)(b) goods;
         (25)(c) chattels;
         (25)(d) effects;
         (25)(e) evidences of a right in action;
         (25)(f) a written instrument by which a pecuniary obligation, right, or title to property is created, acknowledged, transferred, increased, defeated, discharged, or diminished; and
         (25)(g) a right or interest in an item described in Subsections (25)(a) through (f). See Utah Code 68-3-12.5
  • Process: means a writ or summons issued in the course of a judicial proceeding. See Utah Code 68-3-12.5
  • Property: includes both real and personal property. See Utah Code 68-3-12.5
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • real property: includes :
         (31)(a) land;
         (31)(b) a tenement;
         (31)(c) a hereditament;
         (31)(d) a water right;
         (31)(e) a possessory right; and
         (31)(f) a claim. See Utah Code 68-3-12.5
  • Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. Source: FDIC
  • Statute: A law passed by a legislature.
  • Writing: includes :
         (48)(a) printing;
         (48)(b) handwriting; and
         (48)(c) information stored in an electronic or other medium if the information is retrievable in a perceivable format. See Utah Code 68-3-12.5